18-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Consumer Genomics Market by Application (Diagnostics, Genetic Relatedness, Nutrition, Wellness, & Lifestyle, Reproductive Health, Ancestry, Sports Nutrition & Health, Pharmacogenetic Testing, Personalized Medicine, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025” According to the report, global demand for consumer genomics market was valued at approximately USD 1,205.0 Million in 2018, and is expected to generate revenue of around USD 4,336.2 Million by end of 2025, growing at a CAGR of around 20.2% between 2019 and 2025.
Browse the full “Consumer Genomics Market by Application (Diagnostics, Genetic Relatedness, Nutrition, Wellness, & Lifestyle, Reproductive Health, Ancestry, Sports Nutrition & Health, Pharmacogenetic Testing, Personalized Medicine, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/consumer-genomics-market
Consumer genomics is the branch of genomics that includes investigation, sequencing, and analysis of the genome of an individual. The consumer genomics business is developing steadily and quickly becoming an important aspect. Consumer genomics plays an important part in bringing the radical concepts and their applications in common practice.
Factors such as decreasing cost of sequencing, reduction in prices of personal genomic products, increasing accessibility of genomic products to consumers, decrease in fixed costs, in-house resource deployment by corporations, efforts taken by major companies to reduce of cost of whole genome sequencing will act as major driving factors in the growth of global consumer genomics market. Increasing applications of consumer genomics and favorable government policies in developing regions will act as an opportunity for the market players in the consumer genomics market. Nonetheless, lack of awareness, dearth of skilled personnel, and lack of awareness in low income countries will restrict the growth of global consumer genomics market.
The global consumer genomics market has been split into application. Based on application, consumer genomics market has been segmented into diagnostics, genetic relatedness, nutrition, wellness, & lifestyle, reproductive health, ancestry, sports nutrition & health, pharmacogenetic testing, personalized medicine, and others. The genetic relatedness segment accounted for the highest market share in 2018.
Regionally, the consumer genomics market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. North America will be the leading region during the forecast period. Presence of major market players, existence of leading market players, and rapid uptake of new technologies will boost the market growth in this region. Europe will be the second largest market. The major reasons are presence of skilled professionals and rise in awareness regarding use of consumer genomics products. Asia Pacific will propagate at speedy rate over the forecast period due to rapid technological updation in the healthcare sector. Latin America market will develop at a significant rate during the forecast period. The Africa and Middle Eastern countries are likely to experience perceptible growth in the estimated time-frame.
The report also includes detailed profiles of key players such as 23andMe, Inc., Ancestry, Xcode Life, Helix OpCo LLC, Diagnomics, Inc., Gene By Gene, Ltd., Positive Biosciences, Ltd., Color Genomics, Futura Genetics, Pathway Genomics, Mapmygenome, Toolbox Genomics, and MyHeritage Ltd. among others.
This report segments the Global Consumer Genomics Market as follows:
Global Consumer Genomics Market: By Application
Global Consumer Genomics Market: By Region
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